Post
Topic
Board Announcements (Altcoins)
Price manipulation is an SEC infringement.
by
andrewjaxx
on 24/01/2019, 21:02:49 UTC
Indeed, they are manipulating the price buying coins from the market. Definitely, in a couple of months, they will run out of money buying these coins from miners.

Check your math: You are claiming they are buying NIM so the market cap stays above 1.5M USD. Assuming this is true, it would also only cost ~1.5M USD to buy all NIM. So even if they did that, they would still have more than 7M USD left, which is far from running out of money.
And, if they buy all NIM, nobody else would own any NIM, so the only stakeholders would be them, so they can do whatever they want and don't have to listen to you at all. Luckily there are quiet some stakeholders that won't sell, because they are in for the technology and long term profit, not for the short term profit.

I think it's funny how some people here on BitcoinTalk log in to the Nimiq Discord or Telegram, write a few messages like "Nimiq is dead" and then write a post on BitcoinTalk quoting themselves as "voices from the community". Couldn't be less obvious.
Also to the few people here that always repeat themselves: nobody is stupid enough to not realize you are just FUDing against the project. But please feel invited to continue: You are bumping the Nimiq thread to the top of the list with every stupid post you do, so you are basically creating awareness for NIM.
This is (in my opinion) the only major thing the Nimiq Team wasn't able to deliver yet: proper marketing.

Price manipulation is an SEC infringement. No US stock company is buying its shares anonymously from the stock exchange to keep the share afloat. Nimiq is just doing this. They are buying their own coins from the market to keep the scam going on for a few more months. In one year they burned 5 million dollars already. By end of this year, ICO money will be already laundered in their own pocket. The project is literally dead! They use sockpuppet accounts to challenge ICO investors and telling us that their shady operations are legit